South America Industrial Radiography Market Key Players and Forecast by 2028
South America Industrial Radiography Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Technique (Film-Based Radiography and Digital Radiography) and End-User Industry (Manufacturing, Aerospace, Automotive and Transportation, Power Generation, Petrochemical and Gas, and Others)
- Status : Published
- Report Code : TIPRE00025205
- Category : Electronics and Semiconductor
- No. of Pages : 73
- Available Report Formats :
- Last update date : October 07, 2021
2021 Market Size
US$ 16.90 Mn
Base year value
2028 Forecast
US$ 28.98 Mn
Projected by 2028
CAGR 2022-2028
8.0 %
Growth rate
Addressable Market
US$ 162.86 Mn
(2022-2028)
The industrial radiography market in SAM is expected to grow from US$ 16.90 million in 2021 to US$ 28.98 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2021 to 2028.
Brazil and Argentina are major economies in SAM. Growing MRO operation is the major factor driving the growth of the SAM industrial radiography market. From the past few years, the rising aviation industry has been propelling the demand for aircraft maintenance, repair, and overhaul (MRO) services. A few of the aircraft MRO businesses are Guangzhou Aircraft Maintenance Engineering Co., Ltd. (GAMECO), China; MTU Maintenance; and ExecuJet Haite Aviation Services China Co., Ltd. Huge spending on aviation infrastructure, economic growth, and increasing passenger count are among the factors propelling the adoption of aircraft MRO services. Moreover, the increasing number of middle-class travelers, is the main factor contributing to the growth of air travel, which is consequently increasing the need for aircraft MRO services in the region. The radiography technique is one of the most used techniques for inspecting aircraft components as it reduces overall downtime and cost subsequently. MRO companies across the region are engaged in the rapid adoption of radiography systems to ensure efficient and time-saving MRO procedures. With a rising fleet of wide-body and narrow-body aircraft, the airlines are demanding reliable and versatile systems for inspecting aircraft. Thus, it would create lucrative business opportunities for the players in the industrial radiography market in the coming years, which is further anticipated to drive the market in SAM.In South America, Brazil is the worst impacted country due to the COVID-19 outbreak. As of April 2021, the country is still facing significant surge in COVID-19 cases. Also, countries such as Peru, Argentina, Uruguay, and Venezuela were impacted by the pandemic and are still facing the significant impact of the second wave of the pandemic. Countries such as Brazil and Argentina were under lockdown, and some parts of the region are still under lockdown, halting the business operation and manufacturing process. In some parts of the region, there are travelling restrictions, and various manufacturing projects also slowed down. This has lowered the demand for various new machines and equipment that are used for inspecting defects in the production line in industries. Further, manufacturers are facing challenges in procuring raw materials and managing supply chain and logistics. The COVID-19 pandemic has a negative impact on the industrial radiography market in major SAM countries
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
SAM Industrial Radiography Market Segmentation
SAM Industrial Radiography Market – By Technique
- Film-based Radiography
- Digital Radiography
SAM Industrial Radiography Market – By End-User Industry
- Manufacturing
- Aerospace
- Automotive and Transportation
- Power Generation
- Petrochemical and Gas
- Others
SAM Industrial Radiography Market – By Country
- Brazil
- Argentina
- Rest of SAM
SAM Industrial Radiography Market-Companies Mentioned
- Anritsu
- Fujifilm Corporation
- GENERAL ELECTRIC
- METTLER TOLEDO
- Nikon Corporation
- SHIMADZU CORPORATION
- ZEISS International
South America Industrial Radiography Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 16.90 Million |
| Market Size by 2028 | US$ 28.98 Million |
| CAGR (2021 - 2028) | 8.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Technique
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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